Apple is expected to release the data regarding sales and profits on Wednesday for the holiday seasons. While iPhones have always been a popular smartphone, sales of iPhone 12 drove to exhaustion. Apple’s sales rose incredibly high during the pandemic.
Along with Apple, companies like Amazon witnessed record demand in the previous year and especially during the holiday season that extends from October to December.
Estimated Profit For iPhone 12
During the holiday season, sales for Apple products increased remarkably. Apple launched its iPhone 12, new desktop computers and laptops. According to the Yahoo Finance survey, on $102.76 billion in sales, Apple will have $1.40 per share in profit.
The experts also inform that the company will see the sales leap by 16% and profit will rise by 12%. Toni Sacconaghi, the Bernstein analyst, informed that except for the US and France, iPhone 12 Pro is still on backorder in many major markets.
After the pandemic, the huge demand for smartphones, laptops, and computers has increased. In order to work from home and attend online classes, consumers started buying appropriate devices to have subscriptions to apps like Zoom, Slack, Microsoft’s Team, etc.
In spite of the recent development of vaccines for the coronavirus, life is not back to its normal pace yet. Thus the sale of smartphones has been very high including phones like iPhone 12 which can have a 5G internet connection. According to a reviewer, it has been extremely popular because of its latest design, cameras, and 5G internet support.
Consumers are going for iPhones to have a better experience of gaming, TV, and movies. iPhone 12, which came in multiple attractive colors, has been a hugely successful Apple product.